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The Abu Dhabi government has reportedly transferred the assets held by CYVN Holdings to the newly established L’imad Holding Company. CYVN Holdings is the ownerThe Abu Dhabi government has reportedly transferred the assets held by CYVN Holdings to the newly established L’imad Holding Company. CYVN Holdings is the owner

Abu Dhabi transfers stakes in McLaren and Nio to L’imad

Author: Agbi

Source: Agbi

2026/01/22 13:31

MOVE$0.03409+0.67%

The Abu Dhabi government has reportedly transferred the assets held by CYVN Holdings to the newly established L’imad Holding Company.

CYVN Holdings is the owner of luxury carmaker McLaren Automotive and holds a stake in Chinese electric vehicle maker Nio.

The move, reported by Bloomberg quoting unidentified sources, intends to strengthen L’imad’s balance sheet and ease the management of some of the government’s investments under one roof.

According to the report, McLaren confirmed ultimate ownership under L’imad but added that CYVN was its immediate parent.

An arm of CYVN that owns an 18 percent stake in Nio, is currently owned by L’imad, Bloomberg said, citing a regulatory filing.

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan chairs L’imad, which backed Paramount Global’s stalled bid to acquire Warner Bros Discovery.

The government-owned company develops and manages a portfolio of assets and projects across various sectors within the UAE and internationally, including infrastructure and real estate, financial services and asset management, advanced industries and technologies, urban mobility and smart cities.

In October, Abu Dhabi-listed International Holding Company divested its 42.54 percent stake in real estate company Modon Holding to L’imad Holding. Abu Dhabi’s existing sovereign wealth funds include Adia, Mubadala and ADQ.

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